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Search Results 0 to 21 of about 22 (some duplicates have been removed)
. clearly that's not happening today. with regard to the incident yet. ntsb tells me they expect to have an update on that investigation later today. we were talking with airlines earlier today and they said, listen, dreamliner flights have continued as scheduled. we know there's an issue with the one that was just about to take off from boston. take a look at the number of issues we've seen with the dreamliner over the last month of remember, it was just at the beginning of november that united did the first domestic flight for the dreamliner. highly regarded flight, got a lot of attention. a month later an emergency landing in new orleans after reporting mechanical problems. a few days after that, cutr air had to ground 787 jets due to what they say was a faulty generator. united grounding four due to an electrical planl panel and a fire in boston. there's a lot of headline risk right now. >> they have confirmed it is a 787. i don't know if we still have that live shot available but let's put it up while we talk about this. there you go, logan airport. what do they have to do? they hav
are onboard that plane and cleaning crews onboard that plane and they detected some smoke. ntsb investigating and responded and the investigation is focused on the battery unit where the fire was centered. officials say that the fire was the more serious unit. and they do not believe that this will ground the dream liner fleet. larry? >> all right. many, many, thanks we appreciate the update. by the way, it is becoming a stock market story. boeing stock shares fell. switching gears now. the debt ceiling may expire as early at february 15th. so, i want to know, if republicans are still embar ked on a government shut down no debt ceiling hike ckamakze mission. if the gop keeps talking about a shutdown and no debt ceiling. this is a mission of the first reign. >> i think it s considering that the white house has said repeatedly including today. that president obama is not willing to negotiate with the debt ceiling at all. but you do have senator mitch mcconnell coming out over the weekend saying that he is not all the way for a government shut down but it might be on the table. you have ted cruz
safety board says testing shows damage to the lithium ion batteries on boeing 787. the ntsb says further tests unnecessary and under way. will detail findings at a news conference to be held tomorrow. gold down $6 a half today, closing at 1686. oil also trading down, losing a dollar 45 remaining just above $95 per barrel. interest rates remain under 2% for the ten year. congress avoiding another fight on the debt ceiling after the house voted to approve a bill to extend the debt ceiling another three months until the 18th of may. the vote to 852144. 111 democrats voting no. also asking the house and senate to approve a budget by the 15th of april. they don't congressional pay could be placed an escrow through late next year. does that sound like music? senate majority leader harry reid says the bill will be voted on in the senate over the coming days. the white house says the president will actually sign it into law. meanwhile, senate budget committee chairwoman saying that her committee will, indeed, draft a budget this year if adopted. the first time that the senate democrats have pass
are not the problem. they've been used on space satellites without any issues. the ntsb still can't say for sure why two of the batteries overheated and one caught fire on that plane in boston. but they know boeing's safety system failed. experts say it looks like this investigation will last for a while. >> suddenly 787 will be on the ground for an indefinite period. whether that's two months, four months, six months or more, i have no way of knowing. but it's not going to be back in the air any time soon. >> united airlines is the only u.s. carrier to have any dreamliners. they have six. the ceo says he has confidence the problem will be fixed and customers will come back. shep. >> shepard: dan springer in seattle, chunks of concrete go flying as a sewer explosion tears up a downtown street and it tops our news around the world in 80 seconds. china. security cameras captured the moment the road suddenly burst open in a southern province. one angle appears to show three adults and a child standing a few feet away. officials say nobody was hurt. the blast destroyed some 250 feet of roadway. authorit
to happen inside of a plane. no one was hurt. the ntsb says nothing like this is supposed to happen and it could have ended in disaster. all 787 dreamliners ground while investigators look at this problem. it is still a mystery about what's going wrong in the dreamliners. >>> check out this police chase in albuquerque. a man driving a stolen suv, he does a 360 degree. he is crisscrossing medians, going the wrong way. he nearly hit a school bus. also barely avoided some pedestrians. thankfully, no one was hurt. eventually pulled over and gave up. unbelievable. >> that was very smart. got out of the car and got down right away. >> there you go. >> thank you. appreciate that. it is 49 minutes past the hour. we're going to go overseas and take a look at the live pictures from cairo. protesters returned this morning. they are marking that two-year anniversary of their revolution there. the world was watching when thousands took to the square to protest what they called dire living conditions, corruption, and police brutality. it led to the overthrow of mu bar bar hosni mubarak. how much
was traced to a battery in the plane's auxiliary power unit. the ntsb says the battery suffered severe fire damage. by the way, they sent two more investigators there. we have checked with airlines that fly the dreamliner. many say they have checked the battery and the wiring. boeing also issuing a statement today saying with regards to the fire investigation, nothing that we've seen in this case indicates a relationship to any previous 787 power system events, all of those relating to electrical concerns on the dreamliner. meanwhile, like deja vu in boston, a jal dreamliner suffered a fuel leak on the boston runway losing 40 gallons of jet fuel before it returned to the gate. they fix that had fuel leak t.eventually took off n.december the faa ordered dreamliner fuel lines be properly install. one of those stories where there's a lot of headline risk. shares of bothering over the last two days this. stock has been absolutely pummeled. the market cap fall, $2.7 billion, by the way, dropping two bucks today, another 2.5%, so there is a lot of headline risk out there right now when you look a
. >> just that, maria, there's more to come. >> yeah. >> this is an investigation with the ntsb going on so stay tuned, so to speak. >> thanks, gentlemen. appreciate it. we'll leave it there and follow this very important story. >> up next, vegas, baby. mobile mania sweeping the consumer electronics show. our tech reporter jon fortt smack dab in the middle of it all. back to sin city live in just a minute. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. when you spend $50 on hp ink. and you wouldn't have it any other way.e. but y
safety board, meanwhile, says the battery pulled from a dream liner showed signs of thermal damage. ntsb's michael boyd tells us he's never seen an investigation like this. where the faa says a plane is safe and then grounds it. he says the faa has egg all over its face. >>> it's been 538 days since the country lost its top credit rating. what are we doing to get it back? the imf says the economy will grow by 2% this year but, you know what, that's not really very good, and the u.s. needs to work on entitlement reform. >>> our next story "outfront. "women on the front line. a ground-breaking decision from the pentagon. cnn has learned that defense secretary leon panetta will announce a lift on the ban against women serving in combat positions. this is pretty incredible. this move, to give you a sense of the significance, could open up 230,000 frontline jobs to women in the military. "outfront" tonight, rosa brooks, a columnist for foreign policy and has worked in the pentagon under the obama administration and david frum, former speech writer for george w. bush and a contributor for us.
't know right now. so i know they're saying that. but we have the faa all over the airplane, the ntsb all over the airplane. i think the risk for the -- i see two camps on this stock. you have the teethers, those who believe everything is a teether problem, and the tip of the icebergers saying could this be something else. i think with this investigation going on and the faa already actively on the airplane, it will be difficult to take event, especially if it's a severe event, and say, this is fine, this is fine. long term they're going to sort it out. i agree with what jim cramer said, i'm in the same camp that said, why not do a derivative play on this story, if you have more risk maybe someone like spirit aero systems. >> at what point do you say this is the point of fear of investors are running? that's the time to get in the stock. we've seen that in different scenarios, that we don't know what we don't know, as you said. that is exactly the time you wanted to go in. what's going to make that turning point for you, do you think? >> well, i have to say, because there's a formal inves
company gsu ossa is being examined by the ntsb. >> that whole lithium battery thing is brand new, so it raises a lot of questions. i was reuas reading it was a de three years because of problems as they were attempting to launch. we know united operates six of the 50 787s in the world what are other countries doing now? >> usually when the faa gives out a directive, international aviation communities follow suit. that's what we're seeing here. we know this morning, cnn has confirmed that european, chilean, indian and qatar authorities have grounded their fleets. they are not being flown until further notice. >> until they figure out if they're safe. sandra endo, thank you. >>> as we said, there was a lot going on today. christine is here with the headlines. >>> americans and other foreign nationals becoing held hostage algeria. islamic militants targeted a gas field targeting foreign officials there. several hostages were seized, including americans. 30 algerians taken hostage have managed to escape. >>> an american soldier accused of murdering 16 afghan civilians, 9 of them children
business network. back to melissa and lori. lori: thank you very much lauren. three weeks since the ntsb started looking into the liners. all 7873 liners were grounded. they will shift their focus away to the battery maker. none of this is good news for boeing who hopes to get the dreamliner, of course, back up in the air. do not count out boeing. the report came in better than expected. it was largely due to a 10% drop. melissa: the latest news on the battery is just so tough. they have looked at it and said, we do not know what the problem is. that is almost the worst thing that can happen. they say they have not lost orders. it will be interesting to see how long that lasts. the pentagon warns that pay cuts are underway. fox news jennifer griffin is at the pentagon with the details. >> hi, alyssa. defense secretary panetta was we are not planning for sequestration. those deep across-the-board budget cuts appear inevitable. the looming deadline is march 1. ashton carter warned hundreds of thousands of pentagon civilian employees. the employees would lose one day of work per week throug
in what we understand. the ntsb and boeing, a technical team from boeing, they're investigating the fire on the dreamliner. it was found in a compartment with batteries, and electrical components. it's not entirely clear at this point exactly what caused the fire. it is believed that it might have been caused by one of the lithium batteries on the dreamliner. that is an issue, because the dreamliner uses lithium im batteries to power onboard electronics. way back in 2007 the faa issued special rules for the use of lithium im batteries because of the concern of flammability risk involving those batteries. this is the fourth dreamliner incident involving its electronics, or losing power, since december 4th. look at this timeline. back on november 4th, united took its first domestic 787 flight, at the time there had been no reports. a month later, a united flight going to niewark to houston, experienced mechanical problems, reporting a loss of power. cutter airways a few days later had to ground one of its 787 jets for what it said was a faulty generator. the 14th of december, united ground
's going to make a lot of people nervous. the ntsb is now investigating the 787 on the tarmac at logan airport yesterday morning, catching fire, after the plane had landed. the crew and the passengers had all deported. the fire was found in a compartment with batteries and electrical components. and again the passengers and crew were not on board during the fire. but this is the fourth incident since november or since december 4th where we've had a problem with the dreamliner. now remember united had its first domestic 787 flight back on november 4th. just a month later united had a flight from houston to newark, it made an emergency landing in new orleans. after experiencing mechanical problems, a loss of power. qatar air on december 9th said it grounded one of its 737 -- or 787s because of a faulty generator. similar problem, loss of power in flight. and then on december 14th, united grounds two of its four dreamliners due to problems with an electrical panel and then finally, yesterday you have the emergency crews responding to a 787 fire at logan airport. now the dreamliner, and th
with the nra and representatives of the entertainment industry and sportsman and wild life group. >> ntsb investigators on the scene of a new york ferry crash. this ferry slammed into a pier in lower manhattan, throwing passengers around lying rag dolls. 85 people were injured in this crash. one critically. >>> overseas, large parts of the middle east feeling the effects of a powerful winter storm that brought snow and severe flooding. it stretches from jordan and israel into lebanon and turkey. the worst of the storm may be felt in syria where thousands displaced by the several war are in refugee camps dealing with flooding and bitter cold. very closely watching that storm this morning in the middle east. >>> thanks. it is now 18 minutes past the hour. time for "early reads" your local news making national headlines. starting with the newark star ledger, sort of tony soprano's home paper. he said some italian-americans are upset at the "time" magazine cover which shows chris christie mugshot pose. even christie suggested it made him look like a mob boss. "time" magazine is owned by the p
the faa. we're waiting to see the results of the ntsb investigation to make a decision about what it all means. so frankly, we're saying to investors is, look, we can't say with any conviction level that there's a certain entry point where we want to jump in here and buy. what we want is more data. if you own boeing shares here, i think you hang on. i think the long-term outcome of this is that they will sort through the problems. you can see airbus this morning expressing confidence that they think boeing, their competitor will sort through the problems. but right now, you know, you're dealing with emotion and you're dealing with news flow, which is very hard for investors to forecast. >> there but for the grace of god for airbus. they're not going to crash airbus. >> look the safety of all things for airplane manufacturers, the one thing they can all agree within, the one thing they share data on, the one thing they're all committed to is safety. >> if it leaks out of the battery and has a weird smell, it's not a fire. >> yeah, that's really the important thing about what happened yest
the ferry went full speed into the pier. the cause so far unknown. the ntsb is investigating. >>> the washington post with hugo chavez bedstricken and battling cancer. the u.s. is working to make inroads. american diplomats are preparing for a post-chavez venezuela while trying to make progress with the drug-trafficking infrastructure and growing relationship with iran. >>> "usa today," the fda will consider heavier regulation for the popular painkiller vicodin which has for years seen widespread abuse. the d.e.a. recommended it be classified with other heavily used drugs like oxycontin. patients who need vicodin could increase the number of times they have to visit their doctor by limiting the number of pills that can be prescribed at each visit. >>> "the chicago tribune," president obama's acceptance of corporate donations from companies like at&t at the inauguration marks a shift. the paper writes, quote, the relaxed rules reflect how obama has largely dropped his efforts to curb the role of money in politics because he once vowed to make central to his presidency. >>> wit
said, the fire at logan is a unique example and the ntsb is investigating but i think trying to connect this event to other events is pure speculation at this point. we don't have a lot of data. >> have you seen any sign that production might be interrupted, slowed down if, in fact, they have to address the things along the production line? >> none whatsoever. >> because as the journal points out today, you get paid upon delivery and worst-case scenario would begin to avoid cash flow if they were delayed. >> yeah. look, the central bull thesis for boeing shares is about the large amount of cash the company will generate over three or four rates and with the 787 ramping up to very high levels to meet customer demand. if we were to call in to question that cash flow, that weighs against the bull thesis. we don't have any data to suggest that will happen. the planes are still flying and i would say these sorts of teething problems are normal for new planes. we have them on the a-380 and we have to wait and see and we need more data and not calling in to question the long-term fundamentals.
Search Results 0 to 21 of about 22 (some duplicates have been removed)